It has been revealed in recent reports that demand for home loans has spiked up in recent times.

It has been revealed according to statistics released by the Australian Bureau. It was further revealed that there was 1.8% rise in value of loans for investors.

After hiatus of five months, the federal government's employment index has risen from 0.026 points to 0.317 points for the month of October.

Investec, which is an Anglo-South African based financial services company, said that that the reports of making bid for Evolution is not false, irrespective of the fact that it is their rival firm.

On Friday, the Euro together with world stock markets fell down significantly. It is believed that the worries over the slopping economy in Europe have led to their fall. Meanwhile, it has come to light that G7 finance ministers will be holding a discussion over the ways to tackle the debt ridden situation of Europe.

The Sovereign debt defaults of the United States will lead to confusion in the global financial markets. The default has occurred due to the heavily borrowed foreign currencies and the mutation in the exchange rate. The interest rate on the debt has increased at excruciating levels.

The country can go back to recession levels with increase in interest rates, if the rating agencies do not reduce the US credit ratings.

While addressing the issue of inflationary pressure on the global economy, the Bank for International Settlements (BIS) has marked the low interest rates as a threat to the financial stability across the world.